Prepaid payroll cards allow our clients to simplify the management of its payroll system providing a ground-breaking replacement for cash and cheque payments. Prepaid payroll cards provide a wide range of benefits to employers, employees and other intermediaries such as employment agencies.
- Employer benefits:
- Remove payroll cash and cheque handling costs including associated costs such as fraud.
- Remove the security risk of handling cash and cheques.
- Reduce administration in distributing cash and cheque payments.
- Easily extended to other employee payments such as bonuses and incentive payments.
- More timely payments to employee especially at the end of the payroll period and at the end of casual and temporary contract periods.
- Efficient and cost effective method to pay overseas employees by avoiding expensive international transfer costs and immediate transfer of funds to the card.
- Employee benefits
- Improved security and safety through the removal of cash.
- Remove the need to use expensive cheque cashing services.
- Reduce time spent collecting salary payments combined with quick and easy access to their salary payment.
- Option of a secondary card to transfer money to family members.